its main headquarters in Tripoli, Libya and stands for the
Sahelo-Saharienne Bank for Investment and Commerce or in French Banque Sahelo-Saherienne Pour L'Investment
et Le Commerce.
BSIC opened their first branch in the Gambia on Kairaba Avenue (Pipeline) on the 8th January, 2008 on the ground floor of the Sankung Sillah
Building. It also has affiliate branches in Benin, Burkina Central
Africa, Chad, Faso, Ghana, Mali, Niger, Senegal, Sudan and Togo.
The Gambia Government is commitment to subscribing
5% equity, in the BSIC of the CEN-SAD Community, which is made up of
26 countries in the region. The shares are to be acquired by the
Department of State for Finance. In 1999 the governments of the
CEN-SAD community signed a treaty to establish this African group of
states and to establish a bank.
The company is able to provide
services as a development bank for the mid and long-term financing of
development projects in collaboration with international and regional financial
organisations as well as investment guarantee institutions such as the
West African Bank for Development (WABD) and the African Guarantee and
Economic Cooperation Fund (FAGACE).